BUZZ- Western Digital shares rise after co gives guidance

Western Digital WDC.O shares are up 2.3% in midday trading Fri after the co gave guidance on its Q2 results

The broader mkt was also higher on Fri

Western Digital late Thurs said it expected Q2 rev at the mid-point of $4.20 bln to $4.40 bln range; the consensus view for rev was $4.24 bln, according to LSEG

It also said it expected Q2 non-GAAP EPS at the lower end of a $1.75/$2.05 range; the consensus view for EPS was $1.82

Following the news, BofA Global Research raised its price target on the stock to $84 from $80, while Barclays cut its price target to $80 from $90

Western Digital is expected to release its Q2 results Jan. 29

The median PT on the stock is $85, based on LSEG data; the stock was last at $65.72

Analyst recommendations on the stock include 19 "strong buy" or "buy" ratings, eight "hold" ratings and no "sell" or "strong sell" ratings

Including the session move, the stock just over 10% YTD while the Nasdaq .IXIC is up about 1.7%

(Reporting by Caroline Valetkevitch)

((caroline.valetkevitch@thomsonreuters.com))